Software AG, a developer of business infrastructure software, announced the acquisition of the application modernization business of Jacada for $26 million in a cash transaction. The asset deal expands Software AG’s application modernization portfolio with additional products for modernizing the user interface of mainframe and midrange-based applications. In addition, eight members of Jacada’s R&D and support staff will join Software AG ensuring continuous product development and customer support. Software AG will gain more than 200 enterprise customers, mostly in the United States, as a result of the acquisition.

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